Lessons Learned from Real Estate Intervention
Filed under: Lessons • Comments: NoneReal Estate Intervention chronicles home sellers whose houses have been on the market for a long time. A real estate interventionist comes in and tells them what their house is actually worth. These guys have a tough job, they practically deserve a challenge coin. Most of the homeowners just don’t believe how low the price is. However, it also says something about perceived value. Most of these people’s homes are still worth double in value, but not triple in value like they were a few years ago. So now they feel poor. One couple had refinanced their house 7 times in 8 years and took about $200,000 out of their house. Still, doubling your money isn’t a bad deal.



